Child tax benefits in Canada can cover your basic needs. But a growing child needs more than shelter and food. They require activities to keep them stimulated—but paying for this year’s hockey season won’t come easy if you’re low on funds.
So, you may need a loan.
But banks only care about the wellbeing of their bottom line, not your children—they would never consider loans for bad credit applicants collecting low incomes.
Fortunately, Magical Credit specializes in loans for bad credit applicants collecting lower incomes. You can leverage your child tax benefit income into a child tax credit loan from Magical Credit!
It depends. You need to be collecting an income of $600 monthly via direct deposit. We accept non-traditional incomes such as employment insurance and child tax benefits.
No—we only offer loans between $500-$10,000.
To apply, you need the following:
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